Seller's Information for Appraiser provided to Buyer - Idaho 2025

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The CRES Risk Management legal advice team noted that an appraisal is material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.
Sellers are required to disclose property information to the realtor and potential buyers based on state and local laws. A disclosure document details a propertys condition and what might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime.
If the answer is yes, the seller must explain that answer in detail. So take a look at that Statement. Also, a California court determined that a seller must disclose neighborhood noise problems or other nuisances when a neighbor displays a pattern of offensive and noxious activities. Alexander v.
To that end, many appraisers believe that any communication with individuals involved in the transaction including real estate agents is unlawful. However, the Bureau Chief of Californias Bureau of Real Estate Appraisers (BREA) debunked this view in a recent BREA newsletter.
California is clear about liability laws This means the buyers have three years to sue you if you failed to fully disclose issues or defects in your home before you sold it.

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Idahos disclosure form specifically warns buyers that the seller does not possess any expertise in construction, architectural, engineering or any other specific areas related to the construction or condition of the improvements on the property; and that the seller has not conducted any inspection of inaccessible
A lender uses an appraisal not only to assess the value of the property, but also to determine such things as your interest rate, required down payment, and whether you will be approved for the loan.

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